My main focus as a Dividend Growth Investor is the amount of Income I receive on a monthly basis. My long term goal is to receive a yield that will surpass the cost of my expenses each month. My annual overheads are currently under £10,000 per year, and my investments average over a 4% return. By using those numbers, I require £250,000 in my portfolio to cover all bills and spending money.
I want to keep track of the value of my portfolio each month as I go through this process. It's been motivating to see the growth of my pot since I started. Recording this data has helped by raising my awareness. I now find myself eager to invest so I can report back on the progress I've made. The same benefits have come from recording my workouts, my cash savings, and more recently my income and expenditure.
It can be difficult to keep track of how the stock market is performing as a whole. The exercise of recording the individual values results in a more well-rounded view of how everything is going.
I achieved one of my goals for 2014 by having a portfolio worth more than £12,000 in July. I would like to continue with the momentum I've gained so far and aim for £17,500 by the end of the year. I will report what my portfolio was worth at the end of every month so you can see how I'm progressing towards this goal.
I'm pleased to say that my portfolio value went up in August. The increase was down to the purchase of Catlin Group Ltd and an increase in some of my shares.
At the end of July my Freedom Pot was worth £13,376.72. When the market closed at the end of August my shares were worth £14,543.48 which is a £1,166.76 increase (8.7%).
I'm now £2,956.52 from my new portfolio goal with four months to go. My wages are usually lower in the remaining months of the year, so I think it will go to the wire. Wish me luck!
I hope August was equally positive for you. Thank you for reading!
Labels: Portfolio Update